SOBRsafe raises $3.1M through warrant exercise at reduced price

SOBR Safe, Inc. (Nasdaq: SOBR) has entered into definitive agreements for the exercise of outstanding warrants, expecting to generate approximately $3.1 million in gross proceeds before placement agent fees and other expenses, according to a press release.

The transaction involves the immediate exercise of warrants to purchase up to 2,360,648 shares of common stock originally issued in December 2025. The warrants carry an original exercise price of $1.30 per share but are being exercised at a reduced price of $1.05 per share.

In connection with the transaction, the company will issue new unregistered Series E and Series F warrants, each covering up to 2,360,648 shares at an exercise price of $1.30 per share. Warrant holders paid an additional $0.125 per new warrant, contributing approximately $590,162 to the gross proceeds total. Series E warrants expire five years after the effective date of a resale registration statement, while Series F warrants expire after 24 months. Both series are immediately exercisable.

The offering was expected to close on or about July 16, 2026, subject to customary closing conditions. H.C. Wainwright & Co. is acting as the exclusive placement agent.

The company said it intends to use net proceeds for working capital and general corporate purposes, and noted the transaction supports a proposed merger and efforts to regain compliance with Nasdaq listing requirements.

The new warrants were issued in a private placement exempt from registration under the Securities Act of 1933. The company has agreed to file a resale registration statement with the SEC covering shares issuable upon exercise of the new warrants.

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